CALGARY, ALBERTA–(Marketwired – June 27, 2014) – Hyperion Exploration Corp. (“Hyperion” or the “Company”) (TSX VENTURE:HYX) announces, as a result of the scheduled lending review with its credit provider, the lending limit of the revolving operating facility will be revised to $28.0 million from $30.0 million. Hyperion remains committed to debt reduction, while pursuing options to create value for our shareholders. The Company will not be utilizing additional debt to acquire assets in the near term and, as a result, will not renew or incur the renewal fee, for the $10.0 million acquisition facility. Security for the revolving operating facility will continue to be provided by way of a charge over the petroleum and natural gas assets of the Company. The revolving operating facility will be subject to review on or before September 1, 2014.
About Hyperion
Hyperion is a publicly traded, junior light oil and gas company. Hyperion’s core Alberta operations are in Niton/McLeod, Garrington, North Pembina, and Buck Lake. The common shares of the Company trade on the TSX Venture Exchange under the trading symbol “HYX”.
[expand title=”Advisories & Contact”]Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Trevor Spagrud
President and CEO
(403) 930-0701
tspagrud@hyperionexploration.com
Hyperion Exploration Corp.
Suite 2010, Calgary Place II
355 – 4th Avenue S.W.
Calgary, Alberta T2P 0J1
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